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and congress are back again and talks on a plan b. kind of resolution to this this is all happening because of the bush era tax cuts they basically have expired and now this means automatic switch and taxes and spending increases because it's all going to. the g.d.p. in the u.s. to go down by around three percent if nothing is done ok well you'll follow that up the next absolutely in a couple of minutes when i'm back i'll give you more details on that ok. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks to feel interviews intriguing stories are you. trying. to find out more visit our big. lead . lives. thank. you watching business very welcome to the program live or fixing money laundering and more two thousand and twelve has seen the banking world rocked by scandals this year financial institutions have paid record fines totaling over twenty billion dollars but clay's u.b.s. and other banks admitted to manipulating the libel rates h.s.b.c. was fined for money laundering for th
and congress are back again and talks on a plan b. kind of resolution to this this is all happening because of the bush era tax cuts they basically have expired and now this means automatic switch and taxes and spending increases because it's all going to. the g.d.p. in the u.s. to go down by around three percent if nothing is done ok well you'll follow that up the next absolutely in a couple of minutes when i'm back i'll give you more details on that ok. speak your language. programs and...
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will be meeting with congress for that some of the biggest losers retailers right after christmas that's the case move over to currencies now in a rush or the ruble is seeing a bit of a yo yo really this week it's going up and down pretty much for the same amplitude day after day wednesday session saw the russian currency again going up around half a percent therefore exchange rates are going down crude oil is up on geo political factors it has been providing support to the russian ruble and to the market this is on the back of a conflict on prices between iraq and turkey and therefore investors are worried that there could be supply disruptions from the region and as i was saying this has been supporting the russian markets although the u.s. were down the r.t.s. in the my six managed to gain within one percent on a stronger price of crude so the strongest stocks were up one point two percent and transport stocks like a lot and after up around one percent. christmas is the gift giving season and the holy spending is enough to put a dent in anyone's wallets or crisis stricken europeans ar
will be meeting with congress for that some of the biggest losers retailers right after christmas that's the case move over to currencies now in a rush or the ruble is seeing a bit of a yo yo really this week it's going up and down pretty much for the same amplitude day after day wednesday session saw the russian currency again going up around half a percent therefore exchange rates are going down crude oil is up on geo political factors it has been providing support to the russian ruble and to...
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Jan 1, 2013
01/13
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. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital gains, plus a new health care reform surtax. rob wood says you'll notice in your paycheck one popular tax cut will be history. >> the average person, say, earning $50,000 a year is going to pay about $1,000 more in payroll taxes in 2013. >> reporter: the fiscal cliff agreement also increases taxes on estates worth more than $5 million and extends unemployment benefits for one year and keeps the child tax credit for workers who don't earn enough to pay income taxes. the alternative minimum tax got a pat for inin addition. that shields 33 million taxpayers. even with the budget compromise, get ready for a confusin
. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital...
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Dec 30, 2012
12/12
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FOXNEWSW
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changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is -- justices in the land would take the activist roll. that's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep moving in that direction, kim. where do you think the electorat is here? is it be ibd hue the choices that -- is it behind the choices that jason suggested they might be? >> barack obamaus won this election by very effectively making this a referendum about his opponent, mitt romney. if you went out and asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things a
changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is -- justices in the land would take the activist roll. that's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep...
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Dec 24, 2012
12/12
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KRON
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president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham you can do so at the drive. located in front of saint anthony's i
president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th....
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president obama released a statement shortly after the senate vote. it reads in part "tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down." >>> that vote may not come right
president obama released a statement shortly after the senate vote. it reads in part "tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down." >>> that vote may not come...
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Dec 27, 2012
12/12
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and "the washington post" reports tea party stays on the sidelines as obamas, republicans in congress tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works arranged an $8 million pay page for him. $8 million. that is more than the organization's entire annual budget in some years. over in the house, several tea party allies were recently stripped of their committee assignments by speaker boehner. so there are some problems there at the top. an influential conservative is lashing out. >> the tea party is going of to look at itself. it's been so helpful to the republican party in the past. it saved i by not going third party in 2010, helping the republicans sweep the house. but the tea party style of rage is not one that wins over convertes and makes people lean tow
and "the washington post" reports tea party stays on the sidelines as obamas, republicans in congress tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works...
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Jan 1, 2013
01/13
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WBAL
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president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that has her hospitalized. the clot is located in a vein in a space between the brain and the skull, near her right ear. it did not cause a stroke or neurological damage. doctors say she's making excellent progress. the blood c
president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without...
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Dec 24, 2012
12/12
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dennis: president obama and house speaker boehner have not spoken since friday with time running out to avoid going over the fiscal cliff. dagen: with the president and congress on a christmas break, will they miss their year end deadline? peter barnes? peter: just got a note from one of the speaker's spokes people he said the speaker and the president have not spoken since that phone call on friday. all eyes are now on the senate when it returns on thursday to try to get a deal to avoid the fiscal cliff. this past friday before the president left for his family vacation in hawaii, he proposed a limited measure to avoid all of the cliff when speaker boehner scuttled his plan b, the president wants to extend the bush tax cuts now for the middle class and try to avoid some of these deep spending cuts on january 1st. a white house spokesperson says today that staff discussions continue between the administration and the hill. in july you may recall the senate democrats passed an extension of the middle class tax cuts if r a year at a -- for a year at a cost of 157 billion. that bill als
dennis: president obama and house speaker boehner have not spoken since friday with time running out to avoid going over the fiscal cliff. dagen: with the president and congress on a christmas break, will they miss their year end deadline? peter barnes? peter: just got a note from one of the speaker's spokes people he said the speaker and the president have not spoken since that phone call on friday. all eyes are now on the senate when it returns on thursday to try to get a deal to avoid the...
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Dec 28, 2012
12/12
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. >> reporter: president obama is rounding up the top four leaders in congress to meet at the white house. senate leaders harry reid and mitch mcconnell will be at that meeting scheduled for about seven hours from now. this could be their last chance to find terms they can all agree to. the president and senate got back to work yesterday. the house of representatives just got the call to return sunday night. a vote has been taken by monday or else automatic income tax increase will kick in on tuesday. republican aid say their leaders might now get on board with that. even so there is economic proof that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrat
. >> reporter: president obama is rounding up the top four leaders in congress to meet at the white house. senate leaders harry reid and mitch mcconnell will be at that meeting scheduled for about seven hours from now. this could be their last chance to find terms they can all agree to. the president and senate got back to work yesterday. the house of representatives just got the call to return sunday night. a vote has been taken by monday or else automatic income tax increase will kick...
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president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late tonight or early tomorrow morning. top democrats say it will have their support. tomorrow at noon could be where we really find out if the deal holds up. stay with news
president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >>...
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Dec 28, 2012
12/12
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. >>> if president obama and congress are not able to end the fiscal cliff people here will be hard hit. prop 30 voted into law in november will mean higher sales taxes and higher income taxes on the states top earners. the fiscal cliff would add to that. hitting all americans with higher taxes. the lowest income folks will see their take home pay shrink just over 3.5%. average earners 4% and top earners 6%. >>> the crystal ball that drops in new york's time square will have a little something extra this year. workers are already installing the 288 crystal panels. one of them is a little different from the rest. it's engraved with the name of dick clark. he hosted the new years eve telecast from time square for 40 years. this year's show will be hosted by ryan sea crest. >>> time now 6:26. let's go to tara. she is covering traffic. there is something going on in marin. >> yeah pretty minor thing. 101 northbound at highway 37 this is in novato. we have a stalled vehicle or someone that spun out. chp has not figured that out yet. right now let's take a live look at down in the south bay.
. >>> if president obama and congress are not able to end the fiscal cliff people here will be hard hit. prop 30 voted into law in november will mean higher sales taxes and higher income taxes on the states top earners. the fiscal cliff would add to that. hitting all americans with higher taxes. the lowest income folks will see their take home pay shrink just over 3.5%. average earners 4% and top earners 6%. >>> the crystal ball that drops in new york's time square will have a...
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Dec 25, 2012
12/12
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FBC
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president obama promised to end crony capitalism. how is he doing? we'll have a report card. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investnts. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the suddesigns. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficulty t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the sudden signs, and spot a stroke f.a.s.t. gerri: brace yourselves for a tsunami
president obama promised to end crony capitalism. how is he doing? we'll have a report card. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investnts. our integrated technical analysis is...
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Dec 27, 2012
12/12
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. >> the bulls game of obama postponed because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for the chicago bulls, trying to get those answers for you as soon as possible. >> thank you, i appreciate that. >> reporter: of course, the real question right now here at the white house is exactly what's going to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take pla
. >> the bulls game of obama postponed because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for...
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Dec 27, 2012
12/12
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FBC
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with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal cliff se
with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their...
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Jan 1, 2013
01/13
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KPIX
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president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the president can sign it into law. the house left earlier this evening, but it doesn't matter in terms of the "fiscal cliff" agreement b
president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is...
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Dec 27, 2012
12/12
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president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up or will it plunge? >> the republicans want to cut a deal before the cliff. >> i know that. but if this thing goes over the cliff, will there be term innocent damage to the economy like a new recession? >> republicans tell me they think if they can make a deal on rates early january the markets will fluctuate. >> i am hearing the markets have already reacted. >> for a couple days. couple days. >> yeah. >> i've heard another argument. a lot of people say, or at least people i've talked to, if they can't do it by the date, they can't count on anything gets done. it'll get worse every day. >> it has been for two years. >>
president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up...
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Dec 28, 2012
12/12
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WJLA
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. >> president obama will home early from his hawaii in vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> the fiscal cliff will bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes will plunged the u.s. back into recession. one possible effect of the fiscal cliff, milk prices could buy $2 or $3 a gallon because farm programs expire at the end of the year. some are calling that dairy cliff. correct the fiscal cliff is not the only potential economic hazard on the horizon. thousands of workers at the port of baltimore and 14 of reports from boston to houston are threatened to go on strike this sunday. those ports move about 40% of the nation's container cargo traffic. the economic damage would reach well beyond the docks. >> from your mom-and-
. >> president obama will home early from his hawaii in vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> the fiscal cliff will bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists...
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Dec 31, 2012
12/12
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earlier today we heard from president obama who expressed frustration that congress has yet to come to an agreement. >> i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a balanced and responsible way, but with this congress this was obviously a little too much to hope for at this time. it may be we can do it in stages. we're going to solve this problem, instead, in several steps. one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> well, when all the dust settles, and as we know it is not settled yet, will we be able to say that one side or the other got more of what it wanted? with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard fr
earlier today we heard from president obama who expressed frustration that congress has yet to come to an agreement. >> i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a balanced and responsible way, but with this congress this was obviously...
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Dec 31, 2012
12/12
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WRC
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congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer has the forecast for us. >> things looking okay out there. look for a sprinkle, maybe a flurry, but don't expect it to impact your plans. take a look, and the cloud cover continues to make a way in. you can see a lot of what looks like rain and snow back toward the west, but most of this not reaching the ground. the atmosphere just a little too dry. as i mentioned, maybe a sprinkle or flurry. later on, i'll update the exact midnight temperatures. many of those locations all looking pretty good. i'll talk about that coming up, plus how cold will we start off 2013. >>> about a million people expec
congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer...
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Jan 1, 2013
01/13
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MSNBCW
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but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today whether to follow the senate's lead and hike taxes on the wealthy. from capitol hill, steve handelsman, nbc news. bill, back to you. >> reaction to the senate's move was swift as many people were still up welcoming the new year. familiar faces on msnbc were in rare form starting with joe scarborough who tweeted, why can't washington ever put toget
but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go...
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Dec 31, 2012
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. >> that incredible to some people, but nonetheless before this past weekend, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people who could not come to an agreement on cutting spending will in fact be spending more on themselves using money which we do not have. heather: speaking of all that spending we are expected to hit the debt ceiling in just hours. another blow to the economy. >> that means that we are about to run out of money and we can not borrow anymore. treasury secretary tim geithner says, well, we'll move some money around so we won't default on our obligations but nonetheless we are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: gei
. >> that incredible to some people, but nonetheless before this past weekend, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people who could not come to an agreement on cutting spending will in fact be spending more on themselves using money which we do not have....
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Jan 1, 2013
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. >> brian: straight ahead, president obama wanted congress to get raises. but most americans think they're doing a very bad job. will lawmakers see more money in their paychecks? there is an update. >> steve: kind of a diplomay day in washington. chances are you watched the times square ball drop. down south it was all about the peach. we're going to show you how the rest of the country rang in the new year when "fox & friends" rolls on live from new york city >> brian: more than a billion people -- okay, a million. gather to do watch a ball drop in times square. another part of the country, people rang in the new year with some unusual traditions. atlanta, it was all about the peach. the 800-pound peach is juicy, has been a tradition since 1989. in orlando, more fruit. thousands of people gathered to drop the orange. >> juliet: why are you talking like that? >> brian: this year, not only rang in the new year, but marked the 500th anniversary of florida's discovery of the orange. >> juliet: yea, to florida. >> brian: we discovered florida. it was just sitti
. >> brian: straight ahead, president obama wanted congress to get raises. but most americans think they're doing a very bad job. will lawmakers see more money in their paychecks? there is an update. >> steve: kind of a diplomay day in washington. chances are you watched the times square ball drop. down south it was all about the peach. we're going to show you how the rest of the country rang in the new year when "fox & friends" rolls on live from new york city...
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Dec 31, 2012
12/12
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president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> mitch mcconnell, who you just heard from there, is trying to enlist vice president joe biden in the fiscal cliff talks. in the absence of a deal, senator reid is prepared to hold a bill on the president's backup plan. and as all of this goes back and forth, here is how markets are faring ahead of the open today. futures show the do
president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or...
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Dec 27, 2012
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obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed to make ours better. the operative word here being work. so much doesn't seem to be working though at al
obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any...
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Dec 28, 2012
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meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers
meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers
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Dec 28, 2012
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i have high hopes for president obama's second term. i have low hopes for the republican opposition in congress. i have rising hopes for the old reasonable republican party out there in real world, the party that resides in the eastern big states and actually deals with the real work of being big state governor, for example. so here we go. we've got to do something ab
i have high hopes for president obama's second term. i have low hopes for the republican opposition in congress. i have rising hopes for the old reasonable republican party out there in real world, the party that resides in the eastern big states and actually deals with the real work of being big state governor, for example. so here we go. we've got to do something ab
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Dec 28, 2012
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. >> if president obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever
. >> if president obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen....
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Dec 30, 2012
12/12
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president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. le
president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama....
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Dec 31, 2012
12/12
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and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest rasmussen poll you say, oh, no, scott rasmussen joins us now. all right, scott, i've seen the numbers, 5% think that congress is doing a good or excellent job. that's it? >> that's it. 69% say they're doing a poor job and stuart, i know this is going to be hard to believe, i think those numbers are going to get worse. stuart: really? >> yeah, the reason i say that is we have all of this talk about the fiscal cliff negotiations, that are going to eliminate this middle class tax hike, but the fact is, payroll taxes are going up. if you make $50,000 a year, you're going to pay a thousand more in taxes so whe
and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest...
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Dec 30, 2012
12/12
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guest: president obama is engaged in a campaign to pressure congress to sign off on the deal. he asked the senate to put together an agreement that can be done before the new year. if they cannot, he wants a vote on his plan. it would extend most of the bush tax cuts and other a clean insurance. he said he is prepared to blame the republicans if it falls apart. host: david jackson, they do so much for joining us this morning. next, we will take a look at what is going on in iraq with michael gordon. we will be right back. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> started to get through the fall of 1774. the british admiral said and diplomats were reporting to the crown -- the british were reported to the crown the colonists were trying to give ammunition. this was after the british sent more troops to boston after the boston tea party. it is clear the paulists were pulling together in addition -- to gather ammunition and cannons. the king prohibited british ships from taking ammunition and everything to
guest: president obama is engaged in a campaign to pressure congress to sign off on the deal. he asked the senate to put together an agreement that can be done before the new year. if they cannot, he wants a vote on his plan. it would extend most of the bush tax cuts and other a clean insurance. he said he is prepared to blame the republicans if it falls apart. host: david jackson, they do so much for joining us this morning. next, we will take a look at what is going on in iraq with michael...
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Dec 26, 2012
12/12
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obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expec
obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not...
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Dec 28, 2012
12/12
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perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year e
perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both...
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Dec 31, 2012
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president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what they now say. did they? no. why not? mr. speaker, why would a democrat congress and white house say they want to tax the wealthy but not do it? why would a democrat congress and white house say they want permanent tax relief for lower and middle income taxpayers yet not give it? the answer is simple, washington democrats twice voted against tax increases on the wealthy and twice voted against giving permanent tax relief to lower and middle income families so that they could run campaigns onp human emotions like greed, envy, and class warfare, and campaign against the very tax policies democrats
president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what...
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Dec 26, 2012
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obama had a democratic congress when he came in, 60 votes in the senate, which , amount-- senator brown had won in massachusetts. but he started out with 60 and then it went down to 59 when senator kennedy and sadly died. i really admired senator kennedy as much as any man who ever served in the senate, even though we did not agree. mr. reagan had to deal with tip o'neill. that was one of the great events in washington politics because you had two extraordinarily capable politician opposing points of view. mr. reagan was poorly matched. mr. obama had nancy pelosi as speaker of the house. but hardly the same thing. host: from massachusetts on the line, democrat. caller: good morning. i have a comment and question. i am trying to find out, the situation you're in right now, why is everybody fighting about what we should do? i am gmt and i am broke every day. i'm down here with people that paid taxes and work hard every day. -- i am an emt. people don't understand that would ever happens with the fiscal cliff, people down here will survive. the republicans, this will definitely affect them
obama had a democratic congress when he came in, 60 votes in the senate, which , amount-- senator brown had won in massachusetts. but he started out with 60 and then it went down to 59 when senator kennedy and sadly died. i really admired senator kennedy as much as any man who ever served in the senate, even though we did not agree. mr. reagan had to deal with tip o'neill. that was one of the great events in washington politics because you had two extraordinarily capable politician opposing...
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Dec 28, 2012
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i don't see this happening happening happening with barack obama. he has not brought in, despite the fact that he said he was going to have a team of rivals. other than hillary clinton, he is not brought in any rivals whatsoever. he has in fact hardly used his cabinet at all and he has created the zazu are of like mind with him, very liberal group of stars, including a woman named samantha power, who is one of his chief foreign-policy or advisers -- policy advisers. i don't think he has changed or developed a deeper or a better understanding of how to deal for instance with the economy than he did from day one. >> finally edward klein, author of "the amateur," i wanted to ask you about the report on a meeting with the story that president obama held at the white house. >> a very interesting meeting. it took place when he was in office only five months and he invited nine liberal historians to have dinner with him and the family quarters. no conservative historians were invited. during that dinner, he laid out for them early, early, early in his term
i don't see this happening happening happening with barack obama. he has not brought in, despite the fact that he said he was going to have a team of rivals. other than hillary clinton, he is not brought in any rivals whatsoever. he has in fact hardly used his cabinet at all and he has created the zazu are of like mind with him, very liberal group of stars, including a woman named samantha power, who is one of his chief foreign-policy or advisers -- policy advisers. i don't think he has changed...
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Dec 28, 2012
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he looks critically at president obama before and after he reached the white house. here is what he had to say. >> the book currently on your screen has spent several weeks on the new york times best-seller list, many weeks at number one. "the amateur" has been written by edward klein who is our guest, booktv on c-span2. where did you get a title for this book? >> guest: it came from a meeting bill clinton had in chapel:00, new york, north of new york city where he has a home. this was back in august of 2011. his wife, his daughter and a bunch of friends to meet with him because he had news. he had done a secret poll in 2011 and polls showed if hillary clinton would challenge barack obama for the democratic presidential nomination in 2012, he thought she could win. she was surprised by all this. she said what can i do? secretary of state, i have lunch with the man every thursday. what about loyalty? he said there is no such word as loyalty in politics. he went on to say the people around obama did not understand how the real world works, that they had been responsibl
he looks critically at president obama before and after he reached the white house. here is what he had to say. >> the book currently on your screen has spent several weeks on the new york times best-seller list, many weeks at number one. "the amateur" has been written by edward klein who is our guest, booktv on c-span2. where did you get a title for this book? >> guest: it came from a meeting bill clinton had in chapel:00, new york, north of new york city where he has a...
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Dec 27, 2012
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. 37% blame -- would blame president obama and 11% blame both. so there's a political reality to the fact that the gop is stuck between a rock and a hard place. they'll get blamed if it happens and they'll get blamed if they vote for anything that looks like a tax increase. >> listen, the republican party gets blamed if it's sunny outside. so i'm not really worried about that and neither should people be. but you bring up the point, this should not be above who suffers in the polls. this should be about fixing the united states of america and, you know what, people need to be willing to take a vote even if it means they don't come back. >> yeah, well that's the problem, right? you and i talked about this before. we're in constant campaign mode. a compromise would require that both parties, all parties involved actually pay some price, that it costs somebody something. what is the specific problem, though, on the republican side in terms of the lack of compromise? again, i want to show you the same poll that we did on december 17th and 18th asking
. 37% blame -- would blame president obama and 11% blame both. so there's a political reality to the fact that the gop is stuck between a rock and a hard place. they'll get blamed if it happens and they'll get blamed if they vote for anything that looks like a tax increase. >> listen, the republican party gets blamed if it's sunny outside. so i'm not really worried about that and neither should people be. but you bring up the point, this should not be above who suffers in the polls. this...
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Dec 24, 2012
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we have a republican congress, a pretty conservative republican congress. people were comfortable voting for those folks. we look at governors, we have 30 republican governors now. so, many of the same people split their vote. they went for barack obama on the national level and when four republicans on local level. it is always more complicated. host: what is the future been like for the republican party? guest: we have no future. haven't you heard? we are done and finished. host: how do they deal on what seal -- guest: do have to argue for your point of view. i do not think we made a good argument at a national level. again, the argument was made effectively at the state level. there are 30 republican governors. that is a pretty big majority. there are a group -- majority of republicans in the house. at the national level, people can talk about whether the messenger was week, whether mitt romney was a great candidate and not. i did not think very many people think it was a great candidate. pit bull think he was a fine political -- human being a good polit
we have a republican congress, a pretty conservative republican congress. people were comfortable voting for those folks. we look at governors, we have 30 republican governors now. so, many of the same people split their vote. they went for barack obama on the national level and when four republicans on local level. it is always more complicated. host: what is the future been like for the republican party? guest: we have no future. haven't you heard? we are done and finished. host: how do they...
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Jan 1, 2013
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let's wait for the new congress to get in the house. we'll start over. so this is pretty bad news if you think from the perspective of wanting a deal before thursday. >> if they start all over again, they could do it within a few days and my experience in washington, the longer you wait on a deal like, this the more complicated potentially you could get. >> they can't let us continue on the fiscal -- we've gone over the fiscal cliff. >> unemployment could go from 7.75% to 7.95%. >> the white house tried to do a grand bargain with boehner and revenue piece that's been kicked back to the house and the house is saying, forget it, forget it, we want these spending cuts, too. so everyone has to be in a room negotiating this thing. >> ryan, thank you. >>> the vice president joe biden has just weighed in on the confusion in the house of representatives. what is he saying? stand by. jessica yellin is over at the white house. 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january
let's wait for the new congress to get in the house. we'll start over. so this is pretty bad news if you think from the perspective of wanting a deal before thursday. >> if they start all over again, they could do it within a few days and my experience in washington, the longer you wait on a deal like, this the more complicated potentially you could get. >> they can't let us continue on the fiscal -- we've gone over the fiscal cliff. >> unemployment could go from 7.75% to...
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Dec 30, 2012
12/12
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and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans will have to decide whether or not they will block it, meaning that middle-class taxes go up. i do not think that they would want to do that, politically, but they may wind up doing that. if all else fails so that taxes go up on middle-class families on january 1, we will come back with a new congress on the fourth and the first bill on the floor will be to cut taxes on middle-class families. i do not think that the average person is one to say -- gosh, that is a really partisan agenda on the part of the president or democrats in congress. people will say -- that makes sense, that is what the economy needs right now. if one way or another we get through this -- do i wish that things were more orderly in washington, rational? that people listened to the best arguments, compromised, operating in an
and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans will have to decide whether or not they will block it, meaning that middle-class taxes go up. i do not think that they would want to do that, politically, but they may wind up doing that. if all else fails so that taxes go up on middle-class...
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Dec 26, 2012
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fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white
fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion...
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Dec 27, 2012
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the fact is the obama administration, and more importantly the democrats, have not allowed the in congress have not allowed the administration to come forth with real spending cuts. >> but susan. >> let's face it the republicans said that they are willing to look at tax increases. a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases. >> and it didn't even come to a vote in the house, because they couldn't approve boehner's plan. >> the vote in the house -- >> you're making my case. >> that was a ridiculous plan. >> they can't even get it to a vote in the house because they don't even have consensus on it. president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the hou
the fact is the obama administration, and more importantly the democrats, have not allowed the in congress have not allowed the administration to come forth with real spending cuts. >> but susan. >> let's face it the republicans said that they are willing to look at tax increases. a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases....